Framming, Inc. started business in January 2024. The following transactions occured during this first year of business.

Requirements:

a. Enter each transaction into the Journal.

b. Post each transaction to the General Ledger

c. Calculate the BALANCE of each account in the General Ledger.

4-Jan Framming, Inc. began operations by issuing commons stock for receipt of $15,000 worth of office furniture and $5,000 cash.

6-Jan Framming, Inc. purchased $2,500 of offices supplies on account.

9-Jan Framming, Inc. provided $1,800 of services and received cash payment.

15-Jan Framming, Inc. purchased a two-year liability insurance policy for $2,800 cash.

16-Jan Framming, Inc. paid $1,200 on account (from the purchase of office supplies).

20-Jan Framming, Inc. provided $4,000 of services. The amount is due in 30 days.

22-Jan Framming, Inc. received $6,600 from a customer for services to be provided over the next 18 months.

30-Jan Framming, Inc. collected $2,500 from customers as partial payments on their accounts.

30-Jan Framming, Inc. paid $1,800 in salaries.